Everything web3, crypto, defi, degen
In brief In 2023 Lõhmus told Estonia’s public radio he lost access and would consider credible recovery help. On-chain records show only dust transfers, with no outgoing ETH from the labeled wallet. There have been many other cases of lost crypto wallet passwords or keys. Two years ago, Estonian banker Rain Lõhmus told Estonia’s public…
In brief Stablecoin issuer Paxos applied for a national trust charter with the OCC. The firm joins Circle and Ripple among stablecoin companies seeking the national charter. In May, the OCC announced it would allow national banks to custody and manage crypto. Stablecoin and tokenization firm Paxos has filed an application with the Office of…
In brief Coinbase is raising $2 billion in convertible notes for acquisitions and general corporate purposes amid analyst concerns over Q2’s 25% revenue drop. Two Seas Capital, Core Scientific’s largest shareholder with 6.3% stake, opposes the $9 billion all-stock sale to CoreWeave as “inadequate valuation.” Block Inc. added 108 Bitcoin to its corporate treasury in…
SEC DROPS XRP CASE, ETH NEARS $4K AGAIN, GOLD HITS ATHTrump signs EO letting crypto into 401ks. XRP up 10% as SEC officially ends legal battle. ETH continues outperform BTC, nears $4k resistance. Crypto-friendly Miran set for Fed board. Fundamental Global to raise $5b to buy ETH. 87% odds ETH hits $4k this month. XRP…
In brief Spanish bank BBVA will hold client funds in U.S. Treasuries, accepted by crypto exchange Binance as collateral for trades. The arrangement follows Binance’s $4.3 billion U.S. fine and FTX-driven demand for independent custody. Analysts say the move signals growing institutional trust and a maturing market infrastructure. Binance has tapped Banco Bilbao Vizcaya Argentaria…
In brief Two Chinese nationals are accused of skirting export controls by sending high-end GPUs to China. Prosecutors say the defendants routed shipments through Asia to hide their true destination. The men face 20 years in federal prison if convicted. Two California men are facing federal charges for allegedly funneling high-performance AI chips to China…
In brief Coinbase has launched a new feature for developers. It will allow builders to include crypto wallets into their apps. The exchange said the feature will be well-suited to stablecoin-related apps. Crypto exchange Coinbase has debuted a feature for developers so they can easily build self-custodial wallets into their apps. Dubbed the Embedded Wallets software,…
In brief CoinShares has filed for a Solana Staking ETF on Nasdaq, joining BlackRock, Fidelity, and others in adding staking features to their crypto ETF offerings. The Rex-Osprey Solana + Staking ETF already launched with $137 million AUM, showing early demand despite Solana funds representing only 8.7% of Ethereum ETF assets. Staking ETFs offer 7-8%…
In brief The Panama Playlists appears to have leaked the Spotify accounts of some of the biggest names in crypto and AI. Coinbase CEO Brian Armstrong has created a playlist with just the same trance tune 60 times, which he says helps him focus. The last song Sam Bankman-Fried added to a playlist was Save…
In brief JP Morgan CEO Jamie Dimon reaffirmed support for stablecoins, calling them potentially more useful than cash, while maintaining his skepticism toward Bitcoin. Dimon said blockchain and stablecoins meet customer demand, even if they don’t align with the bank’s personal preferences. The comments follow JP Morgan’s new deal with Coinbase, allowing Chase customers to…
